EverCommerce Inc. (NASDAQ:EVCM) CEO Sells $160,285.59 in Stock

EverCommerce Inc. (NASDAQ:EVCM - Get Free Report) CEO Eric Richard Remer sold 16,339 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $9.81, for a total value of $160,285.59. Following the completion of the transaction, the chief executive officer now owns 7,585,163 shares in the company, valued at $74,410,449.03. This represents a 0.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Eric Richard Remer also recently made the following trade(s):

• On Tuesday, April 1st, Eric Richard Remer sold 11,137 shares of EverCommerce stock. The shares were sold at an average price of $10.11, for a total value of $112,595.07.
• On Thursday, March 27th, Eric Richard Remer sold 7,164 shares of EverCommerce stock. The stock was sold at an average price of $10.51, for a total value of $75,293.64.
• On Tuesday, March 25th, Eric Richard Remer sold 9,366 shares of EverCommerce stock. The shares were sold at an average price of $10.51, for a total transaction of $98,436.66.
• On Thursday, March 20th, Eric Richard Remer sold 13,552 shares of EverCommerce stock. The stock was sold at an average price of $9.97, for a total transaction of $135,113.44.
• On Tuesday, March 18th, Eric Richard Remer sold 9,981 shares of EverCommerce stock. The stock was sold at an average price of $9.87, for a total transaction of $98,512.47.
• On Thursday, March 13th, Eric Richard Remer sold 10,117 shares of EverCommerce stock. The shares were sold at an average price of $9.05, for a total transaction of $91,558.85.
• On Tuesday, March 11th, Eric Richard Remer sold 9,404 shares of EverCommerce stock. The stock was sold at an average price of $9.06, for a total value of $85,200.24.
• On Thursday, March 6th, Eric Richard Remer sold 8,688 shares of EverCommerce stock. The stock was sold at an average price of $9.51, for a total transaction of $82,622.88.
• On Tuesday, March 4th, Eric Richard Remer sold 10,406 shares of EverCommerce stock. The stock was sold at an average price of $9.65, for a total value of $100,417.90.
• On Thursday, February 20th, Eric Richard Remer sold 8,012 shares of EverCommerce stock. The shares were sold at an average price of $10.58, for a total transaction of $84,766.96.

EverCommerce Stock Down 1.1 %

Shares of NASDAQ EVCM traded down $0.10 during mid-day trading on Tuesday, hitting $9.41. 57,633 shares of the stock traded hands, compared to its average volume of 136,850. The stock has a fifty day moving average price of $10.10 and a 200-day moving average price of $10.67. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.81 and a current ratio of 1.81. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -33.45 and a beta of 1.06. EverCommerce Inc. has a 52 week low of $8.10 and a 52 week high of $12.35.

EverCommerce (NASDAQ:EVCM - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.05). The company had revenue of $175.00 million for the quarter, compared to the consensus estimate of $170.48 million. EverCommerce had a negative net margin of 7.53% and a negative return on equity of 6.56%. EverCommerce's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.12) earnings per share. Research analysts anticipate that EverCommerce Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on EVCM. The Goldman Sachs Group lowered their price target on EverCommerce from $9.00 to $8.00 and set a "sell" rating for the company in a report on Friday, March 14th. Jefferies Financial Group reduced their target price on shares of EverCommerce from $12.00 to $10.00 and set a "hold" rating on the stock in a report on Friday, March 14th. Royal Bank of Canada reduced their target price on EverCommerce from $14.00 to $11.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Piper Sandler cut their price target on shares of EverCommerce from $11.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Oppenheimer decreased their price target on shares of EverCommerce from $13.00 to $12.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.09.

Hedge Funds Weigh In On EverCommerce

Hedge funds have recently bought and sold shares of the business. Edgestream Partners L.P. bought a new stake in shares of EverCommerce in the third quarter worth approximately $536,000. Janus Henderson Group PLC grew its position in EverCommerce by 1.2% in the 3rd quarter. Janus Henderson Group PLC now owns 318,136 shares of the company's stock worth $3,296,000 after purchasing an additional 3,837 shares during the period. State Street Corp raised its stake in EverCommerce by 2.4% during the 3rd quarter. State Street Corp now owns 514,965 shares of the company's stock valued at $5,335,000 after buying an additional 12,156 shares during the last quarter. Barclays PLC boosted its stake in shares of EverCommerce by 305.6% in the 3rd quarter. Barclays PLC now owns 29,677 shares of the company's stock worth $307,000 after buying an additional 22,360 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of EverCommerce by 161.4% in the third quarter. JPMorgan Chase & Co. now owns 102,265 shares of the company's stock worth $1,059,000 after acquiring an additional 63,139 shares during the period. Hedge funds and other institutional investors own 97.91% of the company's stock.

EverCommerce Company Profile

EverCommerce Inc, together with its subsidiaries, provides integrated software-as-a-service solutions for service-based small and medium sized businesses in the United States and internationally. The company's solutions include business management software that offers route-based dispatching, medical practice management, and gym member management solutions; billing and payment solutions comprising e-invoicing, mobile payments, and integrated payment processing; customer experience solution, which include reputation management and messaging solutions; and marketing technology solutions that cover websites, hosting, and digital lead generation.